CapitaLand chases faster growth with restructuring, planned listing of CLIM
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CAPITALAND on Monday said the proposed overhaul of its structure is meant to sharpen the group's focus on strategic growth and create shareholder value.
The real estate behemoth is looking to split itself into two: the real estate development business will be placed under private ownership, while the investment management platforms and lodging arm will be consolidated into a newly created entity.
CapitaLand Investment Management (CLIM), to be listed on the Singapore Exchange (SGX), will hold the managers of all the group's listed real estate investment trusts (Reits) and business trusts, as well as selected unlisted funds currently managed by CapitaLand. The lodging business, including the serviced-residence management platform under The Ascott Limited, will also become a part of CLIM.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
